January

13

US unemployment rate reaches 9.8%

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US unemployment rate reaches 9.8%
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Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

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January

13

Media round-up: April Fools’ Day 2008

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Media round-up: April Fools’ Day 2008
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Tuesday, April 1, 2008

Many media outlets traditionally deliberately spread hoaxes on April Fools’ Day, including notable quality sources such as National Geographic and Science.

The popular British tabloid The Sun wrote that French President Nicolas Sarkozy is to undergo stretch surgery to make him taller than his wife, Italian artist and model Carla Bruni. The report claimed the 5 foot 5 inch leader would be made 5 inches taller in one year using a method by Israeli professor Ura Schmuck. The Sun noted that during his visit to Britain last week, Sarkozy had high-heel shoes while his wife wore a pair of flat pumps.

The Guardian on the other hand ran an article that suggested that Carla would head an initiative by Prime Minister Gordon Brown to bring more glamour, good taste and sophistication to the U.K. general population. This would involve collaboration with Marks & Spencer for high-street fashion and Jamie Oliver for meals and wine.

BBC News had real-looking footage of flying penguins fronted by documentary host Terry Jones, which were actually an advertisement for its new iPlayer.

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January

13

Financing Can Make Seemingly Impossible Goals Realistic

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Submitted by: Wardell Brooks

There are countless business and personal scenarios where financing can help open up the doors to unforeseen opportunity. Financing can make seemingly impossible goals affordable and realistic. When seeking financing, lender selection is one of the most important considerations for the potential consumer. The availability of a financial lending options today is unsurpassed—virtually every type of financial solution is now available for creditworthy customers. However, not each type of lender offers each solution. Most lenders specialize in only a certain type of loan. In addition to this, lenders vary greatly in their rates, loan procedures, and even the financial options that they offer. A consumer must take all of these factors into account when seeking a financing lender.

The financing lender offers a mortgage, personal or business loan at rates and terms variant with the customer. Interest rates will vary upon each applicants individual credit situation and the amount of money being requested. Rate shopping is a very important aspect when selecting a lender. A mistake many customers will make, however, is looking at rates alone. Several other costs can be incorporated into a loan which must also be calculated. Closing costs, application fees, and pre payment penalties are all important considerations. A reputable financing lending firm will never ask for any kind of upfront fee. It important to make sure that your lender will not charge you unless your loan request is both approved and funded.

With the possibilities of proper financing, a great business idea can quickly be transformed into reality; a unsecured small business can expand into a booming success; larger companies can get the tools they need to innovate and expand into a new realm of ideas and technology. Business lending is the key to all successful business ideas. Very few successful companies today could stand where they are without the opportunities presented by business lending.

[youtube]http://www.youtube.com/watch?v=7AFLe59UynA[/youtube]

Sometimes obtaining business lending can be a daunting process. Many companies require the loan to be secured. This means that a potential business owner must scramble to find collateral. Business lending offers small companies the catapult they need to get started. Someone starting a new business will not yet have any business assets to provide as collateral. They may then have to yield their personal home or other hard earned assets as security on the loan. Pre existing business owners can offer their business assets if they own them. But this produces a great risk. Owners may choose not to take the chances of starting a new business or expanding a current one because they are afraid of losing their hard earned collateral in the event that something goes wrong.

Even when a potential consumer finds a great unsecured business lending plan, often the application process can be much more than he or she bargained for. Banks and other finance companies require business plans of varying complication. Some can be as extremely long and detailed. Many business owners may not even have much of the information needed to complete the paperwork. The business plan can also limit the ways in which the consumer may utilize their loan proceeds. Other requirements, such as tax forms or other documentation, can also hinder the loan process.

Some money lending programs are more common than others. Some basic popular programs include unsecured personal loans, small business loans, start up loans, and lines of credit. Mortgages, and car payments are well known products that almost everyone has first hand experience with. Personal loans are generally unsecured loans. This means that they do not require collateral a house, car or other item of value to be associated with them. These loans are generally approved on the basis of credit. Business loans can be essentially the same. Some companies, however, require business plans and other criteria for approval.

Business start-up loans are loans that are obtained for the purpose of starting a new business. If an individual has a business idea, and would like to put it into action but does not have the needed capital, a start up loan is generally the first step. These loans can be unsecured as well, but this depends on the specific lender. Its hard lending money to people with no collateral and bad credit at the same time. Money lending applies to credit cards also, although many people do not realize this since it is all done electronically. However, every time an item is purchased on credit, it is like money is being lent for that purchase.

Mortgages, car loans, and home equity lines are all forms of money lending. These are all large loans that are used for large purchases. When a person makes a car or mortgage payment, he or she is essentially making a payment on the loan for that item.

When choosing a loan lender, there are several considerations to take into account. A reputable firm will never ask for upfront charges. Generally, a good company will not have any fees unless your loan request is approved and funded. Shopping for interest rates is a vital part of the loan shopping process. Typically, the interest rate gets lower as you borrow higher amounts of money. Remember to keep all of your credit options in mind. Be open minded about new products. You may think you need a personal loan, but find that a line of credit is far better suited to your needs. Find a company that simplifies the system. This will minimize chances of error, misunderstandings, or other misconceptions about your financing. Lastly, read the fine print. Details about loans are important.

About the Author: America Unsecured Funding is a useful source to assist with your financing needs. To find unsecured small business loan financing, unsecured start up loan financing, unsecured personal loan financing, business line of credit financing that best suits your need visit

venturecapital.20m.com

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isnare.com

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isnare.com/?aid=227784&ca=Finances

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January

12

Much of inland New South Wales, Australia affected by flooding

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Much of inland New South Wales, Australia affected by flooding
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Sunday, December 5, 2010

Much of the interior of New South Wales, Australia continues to be affected by floods caused by heavy rains. With more rain predicted, the Australian Bureau of Meteorology has issued a flood watch for all western flowing rivers in New South Wales from the Namoi River in the north of the state to the Murrumbidgee River in the south.

Coonamble, in the central-western plains district of New South Wales, has been isolated by major flooding of the Castlereagh River. The State Emergency Service estimates that around 2,760 people are currently trapped in Coonamble. Mudgee, Canowindra, Eugowra, Dubbo, Wellington, and Young have also been severely affected.

A number of major highways in Western districts of the state have been closed or had diversions put in place, including the Newell Highway near Mirrool Bridge, the Castlereagh Highway between Gilgandra and Walgett, the Oxley Highway between Gilgandra and Warren, and the Lachlan Valley Way between 28km north of Cowra and 6km South Of Gooloogong. A number of local roads have also been affected.

Emergency Management NSW has declared the local government areas of Mid-Western Region, Weddin, Wellington, Warrumbungle, Cootamundra, Coonamble, Harden, and Young as natural disaster areas where significant damage to property and infrastructure has occurred.

Evacuation orders have been issued for parts of Wagga Wagga and parts of Coonamble due to flooding.

The SES is advising people who require assistance due to flooding to call 132 500 and to contact 000 for life threatening emergencies. For road closure information, residents are encouraged to contact their local council.

 This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
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January

12

Several businesses catch fire in Queens, New York

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Several businesses catch fire in Queens, New York
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Monday, November 3, 2008

Sunday, a fire rushed through seven businesses at the Whitestone Shopping Center in Whitestone, Queens, New York, near the Cross Island Parkway in New York City.

The fire started at around 1:00 AM EST (UTC-5) on November 2, 2008 in a diner known as Lollipops. According to local sources, Lollipops was a popular restaurant in the area. The fire spread through the stores, up an awning and continued all the way to a corner of the shopping center. In the end, seven businesses were destroyed, including two banks, two restaurants and a GNC Nutrition Center. It took dozens of firefighters to put out the large blaze.

According to WCBS-TV, with his diner Lollipops destroyed, the owner was too upset to comment.

Nearby Chinese restaurant, King’s Chef, was also damaged. “I cannot open because of whatever rules – tomorrow’s Monday, Tuesday is a holiday,” the owner, Patrick Chan, told WCBS-TV. “If I cannot get them to come tomorrow, I am going to lose big time.”

This is a calamity for many of these small businesses to be out of business, particularly in this economy.

Nearby residents reacted to the situation. Several residents have reported that it is a major loss to the community as they considered Lollipops to be a landmark. Several residents have reported knowing members of either the victim stores or others in the strip mall.

State Senator Frank Padavan commented on the loss of the shopping center.

“This is a calamity for many of these small businesses to be out of business, particularly in this economy,” he said.

The next day, investigators were boarding up the windows of the damaged stores. No one was hurt because all the stores were closed at the time of the blaze.

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January

10

How To Tell The Time Has Come For Air Conditioning Maintenance

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September, 2015 byadmin

The best way to keep a home’s heating and cooling system operating properly is to set up and follow a maintenance schedule. Within the scope of that schedule, it may be necessary to take care of some things sooner rather than later. Here are some signs that tell the home owner it’s time for some type of air conditioning maintenance.

The air in the home is not freshWhen the unit is working as it should, the air inside the home smells fresh and clean. Lately, the home owner has noticed there is a slight odor in the air. By standing close to a vent and inhaling, it is possible to confirm that the unpleasant scent is coming from the duct. In this scenario, the need for air conditioning maintenance in the form of a duct cleaning is certainly in order.

The Unit is running more OftenIt seems as if the unit never cycles off any more. This is true even though the weather is not unusually warm or cold for the time of year. Before assuming something is about to break down, take a good look at the filters. It could be that the addition of a new pet in the house led to more dander being trapped in the filter and affecting the air flow. By replacing the filters more often, the unit can force air through the system with greater efficiency and things can get back to normal.

Clanks and ClattersThe air conditioning has begun to make some unusual noises during operation. While the problem could be due to a part wearing out, the origin of the issue could also be that something needs to be tightened. A quick check during a routine inspection may be all it takes to identify the loose component, tighten the screws, and get rid of the clanks and clatters.

For help with any type of heating and cooling system issue, visit website and schedule a service call today. Once the technician determines what is happening, it will be easy enough to come up with a solution. That same technician can also talk with the home owner about a service contract that would make routine maintenance an easier task to manage.

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January

9

19th century stable in Buffalo, New York officially saved from demolition

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19th century stable in Buffalo, New York officially saved from demolition
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Thursday, July 3, 2008

Buffalo, New York —Developer and CEO of Savarino Companies, Sam Savarino, has confirmed to Wikinews that he has bought, and is planning to restore a severely damaged stable and livery on Buffalo’s West Side. The building partially collapsed on June 11, which originally caused 15 homes to be evacuated.

Savarino bought the building from owner Bob Freudenheim for US$1.00 and states that he hopes to save as much of the building as possible, including the facade, at least 20 feet of the side walls, all of the back walls including the elevator tower and if possible all three floors. There is one major downside to the purchase; he inherits the over $400,000 tax lien against the property.

“It was a “NYS Lotto” purchase (‘a dollar and a dream’). I do inherit the City’s lien of $400,000 though,” stated Savarino to Wikinews. The fee is what the city has been billed for the limited demolition it paid for before Savarino bought the building. Currently the city is suing Freudenheim to force him to pay for those fees.

The building is currently undergoing minor demolition in preparations to make the rest of it stable. Once complete, Savarino plans to evaluate the extent of the damage and begin his plans to make the building into residential living spaces.

“Only unstable parts are being demolished. We will see what we have to deal with as the demolition proceeds but tentative plans are for living units on two floors with parking on the ground floor,” stated Savarino. Construction is expected to begin as early as this year, but “more than likely next year,” he added.

Originally the city ordered an emergency demolition on the building after Freudenheim gave them permission to demolish it on June 12 during an emergency Preservation Board meeting. His reason was because he would not be “rehabilitating the building anytime soon.”

Freudenheim, along with his wife Nina, were part-owners of the Hotel Lenox at 140 North Street in Buffalo and were advocates to stop the Elmwood Village Hotel from being built on the Southeast corner of Forest and Elmwood Avenues. They also financially supported a lawsuit in an attempt to stop the hotel from being built. Though it is not known exactly how long Freudenheim has owned the stable, Wikinews has learned that he was the owner while fighting to stop the hotel from being built. Residents say that he has been the owner for at least 22 years. Residents successfully halted demolition after winning a restraining order in New York State Supreme Court, which will continue to monitor developments in the case. The next hearing is scheduled for September 2.

Savarino states his project could cost at least $3,500,000 and before construction can begin, all plans must be approved by the city’s planning board.

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January

8

Former Indonesian president, Suharto in critical condition

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Former Indonesian president, Suharto in critical condition
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Saturday, January 5, 2008

Former Indonesian President Suharto, 86, is in a Jakarta hospital in critical condition. Doctors say he is suffering heart problems. Chad Bouchard reports from Jakarta.

The former president was admitted to a hospital on Friday with swelling throughout his body. Doctors say Mr. Suharto’s heart has become too weak to pump blood properly, and his kidneys are deteriorating.

Andi Mallarangeng, spokesman for current president Susilo Bambang Yudhoyono, says the president visited Mr. Suharto in the hospital Saturday and found him too weak to talk.

He was conscious, he was not in a coma in that sense, he was conscious, but he was very weak

“He was conscious, he was not in a coma in that sense, he was conscious, but he was very weak,” he said. “The presidential doctors informed the president that President Suharto is in [a] critical situation.”

Suharto ruled Indonesia for 32 years, stepping down after widespread demonstrations and rioting during the Asian economic crisis of 1998.

He has since lived quietly in an upscale district of central Jakarta.

The anti-corruption organization Transparency International says Mr. Suharto embezzled more from Indonesia than any other modern leader, an estimated $15 billion to $35 billion. Mr. Suharto has steadfastly denied such accusations.

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January

8

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Parul University very famously called as PU in Vadodara, Gujarat, is one of the well-known private universities of the state. The university was established in 2015 under the Gujarat Private Universities Act, 2009. The university is approved by UGC and AICTE. The university has managed to get a good recognition in the last 5 years as they have managed to get more than 25000 students in their college. Parul University has 34 institutions where they are offering 160 plus separate courses in various streams like Ayurveda, Medicine, Pharmacy, Homoeopathy, Engineering, Administration, Arts, Law, Trade, etc. The course offers programmed in the undergraduate, postgraduate, diploma, certificate, and doctoral degree programmed.

In the list of Top 50 BBA Colleges in India conducted by the Times of Business School Ranking, the Parul Institute of Business Administration was ranked in those 50. The university has managed to pull off strong international relations in all these years. The university also has managed to score a Full Star Rating in Quarter 1 of Government of India Innovation Ranking.

The university has also been ranked in the top 65 Private State Universities for Management Studies in India. This was mentioned in the prestigious Outlook- ICARE India MBA Ranking 2020.

Courses offered by Parul University

The courses offered by Parul University are B.Sc, B.Arch, B.Tech, B.Design, B.Pharm, B.B.A, B.Sc, B.Com, B.A, L.L.B, M.B.B.S, B.Design, BHMCT, M.Tech, PGDM, M.B.A, M.C.A, M.Com, MSW, M.Pharm, and lots more courses in diploma and certificate levels. The university pretty much covers all the courses in varied streams.

Admissions 2020-2021 in Parul University

The admission 2020-2021 process of Parul University is pretty much similar to every other college. The candidates have to fill the application form either through the online or the offline process. The candidates have to make an online id, fill the application form, add the required documents, pay the application fee, and submit the document. The eligibility criteria for admission at Parul University is different for the different courses. For the undergraduate courses, the candidates have to have an HSC degree from a renowned board. For the courses like MBA, the candidates must have a valid score in the required exams like CAT, XAT, MAT, etc. For the postgraduate courses, the eligibility criteria are having an undergraduate degree from any renowned university.

Scholarship in Parul University

For the financially incapable students and the talented students, Parul University also offers a scholarship for various courses in which the tuition fees of the students are reduced. The scholarships provided are merit-based, needs-based, career-based, and also students specific.

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January

7

Over 100 dead and hundreds missing in Indonesia after tsunami destroys island villages

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Over 100 dead and hundreds missing in Indonesia after tsunami destroys island villages
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Tuesday, October 26, 2010

At least 113 people are now dead and hundreds more are missing after a 10 foot (3 m) tsunami destroyed several villages in a series of remote islands in western Indonesia. The tsunami was caused by a magnitude 7.7 earthquake which struck on Monday at 9:42 p.m. local time (14:42 UTC). The epicenter of the earthquake was 78 kilometers (48 mi) west of South Pagai, one of the Mentawai Islands off the west coast of Sumatra.

“We are predicting that people will need food supplies and shelter. The rain is coming down very hard, the wind is very strong,” a local police officer said, addind that emergency posts had been set up and patrols were being made to try and locate the missing. An official said that they had purchased 200 body bags “just in case.”

We have people reporting to the security post here that they could not hold on to their children, that they were swept away. A lot of people are crying.

A local official said that most of the buildings in the coastal village of Betu Monga had been destroyed when the tsunami struck. “Of the 200 people living in that village, only 40 have been found. 160 are still missing, mostly women and children,” he said. “We have people reporting to the security post here that they could not hold on to their children, that they were swept away. A lot of people are crying.” Food supplies, he added, were running low.

Wisnu Wijaya, the preparedness director with the National Disaster Management Agency, said that the government is getting aid to the islands. “We already sent a rapid response team to this area, coordinated by the provincial government. We have local disaster management at Padang, because right now the condition of the wave is quite high,” he said. Wijaya added that high waves and stormy weather have made it difficult to reach the affected areas, and communication was a problem. Emergency shelters have been set up and the first team from Sumatra was arriving Tuesday evening to begin a rapid assessment of the aid that was needed. “Up to now, I think we still can manage this problem. Maybe also we’ll send staff to go there and make a better coordination. If they need national resources to deploy there, we’ll be ready to support local government,” Wijaya said.

We threw whatever we could that floated—surfboards, fenders—then we jumped into the water.

The head of the regional government in the affected area told local television that some of the people recorded as missing may have moved to higher ground to take refuge from the waves. Rick Hallet, who was aboard his boat when the earthquake struck, told Australian television: “We threw whatever we could that floated—surfboards, fenders—then we jumped into the water. Fortunately, most of us had something to hold on to … and we just washed in the wetlands, and scrambled up the highest trees that we could possibly find and sat up there for an hour and a half.” The Australian Department of Foreign Affairs and Trade issued a statement saying that radio contact had been lost with a tourist boat in the area which could have been nine Australians and a Japanese national. A humanitarian organisation said that there were “genuine fears” for those aboard.

A spokesperson for a surfing resort on the coast of North Pagai said that they had “experienced a level of devastation that has rendered the resort inoperable”. Witnesses suggested that villas at the resort had been “wiped out” by the tsunami. One report suggested that a 10 feet (3 m) wave had hit the resort, causing boats to burst into flames. “There was a lot of debris floating in the water, including bar stools and other pieces of furniture from Macaronis Resort,” a member of staff said. Reports suggested that water had reached rooftops in North Pagai.

Indonesia sits on the Pacific Ring of Fire, an area prone to seismic shifts that spark earthquakes and volcanic activity. A massive earthquake in 2004 caused a tsunami that killed more than 230,000 people across the Indian Ocean. After that disaster Indonesia worked to establish early warning systems and disaster management programs to help deal with future quakes.

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